Banco Santander (Brasil) (NYSE:BSBR) Sets New 12-Month Low – Here’s Why

Banco Santander (Brasil) S.A. (NYSE:BSBR) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $4.45 and last traded at $4.47, with a volume of 21760 shares. The stock had previously closed at $4.49.

Banco Santander (Brasil) Stock Performance

The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $5.11 and its two-hundred day moving average price is $5.23.

Banco Santander (Brasil) Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, October 21st will be paid a $0.0714 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $0.29 annualized dividend and a dividend yield of 6.43%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its position in Banco Santander (Brasil) by 220.0% in the first quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock valued at $41,000 after purchasing an additional 4,878 shares during the period. GAMMA Investing LLC boosted its position in shares of Banco Santander (Brasil) by 183.6% during the 3rd quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock worth $51,000 after purchasing an additional 6,313 shares during the period. Barclays PLC raised its position in Banco Santander (Brasil) by 221.4% in the third quarter. Barclays PLC now owns 12,428 shares of the bank’s stock valued at $65,000 after purchasing an additional 8,561 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in Banco Santander (Brasil) by 41.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock worth $71,000 after purchasing an additional 4,387 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Banco Santander (Brasil) in the third quarter valued at $85,000. 14.53% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander (Brasil) Company Profile

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates through Commercial Banking and Global Wholesale Banking segments. It offers local loans, commercial financing options, development bank funds, and cash management services; export and import financing, guarantees, structuring of asset services.